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Claims Management System

Make data-driven decisions to improve claim outcomes with Ventiv's proven claims management system

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Who is using Ventiv

  • Seal County of Los Angeles
  • Indiana Public Employers Plan
  • Tribal First
  • Cox Enterprises
  • The Mosaic Company
  • Nestlé
  • Seal-State-of-Georgia-sm
  • Takeda
  • Saint-Gobain
  • Henkel
  • Stagecoach
  • Travelopia
  • Textron
  • Uniting Church in Australia
  • Logo-Imperial-Brands-sm
  • Decathalon
  • Schlumberger
  • HPIC
  • K&S Freighters
  • Marriott

What they are saying about Ventiv

claims management system, claims management systems

Our claims numbers have increased as the company continues to expand. Claims costs can be significant. With Ventiv's software, we can keep a diligent eye over claims as losses develop. And now, for many claims we simply open an electronic file, which reduces paperwork and archiving.

K&S Freighters

claims management system, claims management systems

Transform your claims data into actionable insight

Optimize your financial performance, streamline processes, and transform raw claims data into actionable business intelligence.

Reduce costs while improving data intake

Expedite claims reporting to lower costs while gathering better incident information with Ventiv's claims management system.

Gain better insights into legal and claim administrators

Proactively manage your legal and service providers with greater insight into performance, expenses, and risk.

See the entire picture and take action early

Integrate multiple sources of data to predict how a claim is likely to unfold. Uncover claims that have the potential to “jump,” and take proactive steps to mitigate costs.

Understand and predict claim trends

Whether you self-administer claims or use a third-party claims administrator, Ventiv's claims management system gives you control over critical priorities: incident intake, claims consolidation and administration, supervision, and legal risk and litigation management.

Consolidating claims data from multiple sources provides standardized data for better insight and understanding of the risk your organization faces.

Also, with Ventiv, track all claim details, including description and causes of the loss, through to the financials. Define your claim types as well as payment buckets, transactional values, and claim payment details. In addition to commonly used claims management fields, client-specific custom data fields are available.

With more accurate, complete, and reliable data you can:

  • Keep a close eye on claim trends and identify key loss drivers
  • Determine optimal reserves and avoid under-reserving
  • Promote successful coverage outcomes, including prompt claim payments
  • Produce accurate loss history and loss triangles to your actuary for optimal risk placement
  • Establish the best split between retention and transfer of risk

Improve incident reporting while reducing costs

With an efficient incident intake process, you can quickly get your incidents and claims notified, which is a key factor in reducing the closed lag time and overall claim costs. Quick reporting also allows for more accurate analysis of trends and root causes. With Ventiv, capture the data points you need with dynamic questions sets to ensure maximum accuracy of the submission.

Since incidents are immediately available for investigation, administration, reporting and analytics, you can make corrective actions faster to prevent similar incidents and reduce costs.

Take your incident reporting up a notch while reducing costs

 

Maximize the impact of your legal and service provider

Create a single system for analysis and risk reporting by linking litigation information with incident, claim, safety, policy, and exposure data. Gain an enterprise-wide view of critical legal data and improve high-level decision making.

With all your legal and litigation data in one platform, you can segment and evaluate information from virtually every angle. Now you can analyze data by business unit, product, exposure, law firm, or matter type.

Monitor a wide range of KPIs regarding your legal resources, third party administrators, and service providers to enhance your organization’s profile and drive down costs with Ventiv's claims management system.

Identify “jumper” claims early and mitigate costs with preventive action

Jumper Claims“Jumper” or “sleeper” claims account for 40% of the $60 billion paid each year for workers’ compensation benefits. With Ventiv's claims management system and AI-powered analytics, you can now integrate multiple sources of both internal and third-party data to predict how a claim is likely to unfold.

claim management system, claim management systems

Make better, faster choices that minimize risk and maximize value with advanced analytics

Get a greater understanding of claims, predict outcomes, and take preventive action to optimize performance.

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Let’s talk about how we can move your business forward.

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With 500+ global customers and counting, Ventiv is one of the premier leaders in the risk management, insurance claims and advanced analytics space. Helping some of the biggest brands on the planet with products like our industry leading claims management system.

Fill out the form, email us at contact@ventivtech.com or call one of our many worldwide office locations to get the conversation started today on moving your business forward.